Alexander & Baldwin (ALEX) Stock Price, News & Analysis

Company Overview

Alexander & Baldwin, Inc. (NYSE: ALEX) (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Hawai'i commercial real estate and is the state's largest owner of grocery-anchored, neighborhood shopping centers. A&B owns, operates and manages approximately 3.9 million square feet of commercial space in Hawai'i, including 22 retail centers, 13 industrial assets and four office properties, as well as 142.0 acres of ground lease assets. A&B is expanding and strengthening its CRE portfolio and achieving its strategic focus on commercial real estate in Hawai'i. Over its 154-year history, A&B has evolved with the state's economy and played a leadership role in the development of the agricultural, transportation, tourism, construction, residential and commercial real estate industries.

Key Stats

• Today's Range: $19.41 to $19.66
• 50-Day Range: $18.24 to $19.86
• 52-Week Range: $15.53 to $20.30
• Volume: 68,651 shs
• Average Volume: 320,961 shs
• Market Capitalization: $1.42 billion
• P/E Ratio: 31.44
• Dividend Yield: 4.57%
• Price Target: $21.67
• Consensus Rating: Buy

Alexander & Baldwin Stock Analysis - MarketRank™

Alexander & Baldwin scored higher than 59% of companies evaluated by MarketBeat, and ranked 526th out of 945 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Alexander & Baldwin has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Alexander & Baldwin has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -17.04%

Earnings Growth

Earnings for Alexander & Baldwin are expected to decrease by -17.04% in the coming year, from $1.35 to $1.12 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Alexander & Baldwin is 31.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.07.

Price to Earnings Ratio vs. Sector

The P/E ratio of Alexander & Baldwin is 31.50, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.13.

Price to Book Value per Share Ratio

Alexander & Baldwin has a P/B Ratio of 1.41. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.77% of the float of Alexander & Baldwin has been sold short.

Short Interest Ratio / Days to Cover

Alexander & Baldwin has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Alexander & Baldwin has recently increased by 7.47%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Alexander & Baldwin is a leading dividend payer. It pays a dividend yield of 4.52%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Alexander & Baldwin does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Alexander & Baldwin is 143.55%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Alexander & Baldwin will have a dividend payout ratio of 79.46% in the coming year. This indicates that Alexander & Baldwin may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.77% of the float of Alexander & Baldwin has been sold short.

Short Interest Ratio / Days to Cover

Alexander & Baldwin has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Alexander & Baldwin has recently increased by 7.47%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.79

News Sentiment

Alexander & Baldwin has a news sentiment score of 0.79. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Alexander & Baldwin this week, compared to 6 articles on an average week.

Search Interest

1 people have searched for ALEX on MarketBeat in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Alexander & Baldwin insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $13,475.00 in company stock.

Percentage Held by Insiders

Only 0.70% of the stock of Alexander & Baldwin is held by insiders.

Percentage Held by Institutions

91.29% of the stock of Alexander & Baldwin is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ALEX Stock Analysis - Frequently Asked Questions

How have ALEX shares performed this year?

Alexander & Baldwin's stock was trading at $19.02 at the beginning of the year. Since then, ALEX shares have increased by 2.7% and is now trading at $19.53.
View the best growth stocks for 2024 here.

How were Alexander & Baldwin's earnings last quarter?

Alexander & Baldwin, Inc. (NYSE:ALEX) posted its earnings results on Thursday, April, 25th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.03. The financial services provider had revenue of $61.20 million for the quarter, compared to the consensus estimate of $51.55 million. Alexander & Baldwin had a trailing twelve-month return on equity of 5.93% and a net margin of 19.64%.

Who are Alexander & Baldwin's major shareholders?

Alexander & Baldwin's top institutional shareholders include State Street Corp (5.82%), Franklin Resources Inc. (4.59%), Reinhart Partners LLC. (3.52%) and Charles Schwab Investment Management Inc. (2.71%).
View institutional ownership trends.

How do I buy shares of Alexander & Baldwin?

Shares of ALEX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Alexander & Baldwin own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Alexander & Baldwin investors own include NVIDIA (NVDA), Tesla (TSLA), Meta Platforms (META), Home Depot (HD), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM) and Netflix (NFLX).

Company Calendar

• Last Earnings: 4/25/2024
• Ex-Dividend for 10/7 Dividend: 9/20/2024
• Dividend Payable: 10/07/2024
• Today: 12/03/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/26/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Diversified Real Estate Activities
• Current Symbol: NYSE:ALEX
• CUSIP: 01449110
• CIK: 1545654
• Web: www.alexanderbaldwin.com
• Phone: (808) 525-6611
• Fax: 808-525-6652
• Employees: 101
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $21.67
• High Stock Price Target: $23.00
• Low Stock Price Target: $20.00
• Potential Upside/Downside: +10.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.62
• Trailing P/E Ratio: 31.61
• Forward P/E Ratio: 14.52
• P/E Growth: N/A
• Net Income: $29.80 million
• Net Margins: 19.64%
• Pretax Margin: 26.40%
• Return on Equity: 5.93%
• Return on Assets: 3.62%

Debt

• Debt-to-Equity Ratio: 0.47
• Current Ratio: 0.35
• Quick Ratio: 0.35

Sales & Book Value

• Annual Sales: $227.09 million
• Price / Sales: 6.27
• Cash Flow: $1.02 per share
• Price / Cash Flow: 19.19
• Book Value: $13.74 per share
• Price / Book: 1.43

Miscellaneous

• Outstanding Shares: 72,633,000
• Free Float: 72,125,000
• Market Cap: $1.42 billion
• Optionable: Optionable
• Beta: 1.26